The most popular PVC weekly review market deadlock

2022-07-25
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[PVC weekly review] the market deadlock reappeared, and the transaction was obviously poor.

I. this week's market (from December 3 to December 7)

the PVC warehouse receipt market fell slightly this week, mainly due to weak consolidation. The callback decline of crude oil had a certain impact on the market. In addition, the confidence of buyers and frequency converters on electrical appliances was insufficient, and the transaction was obviously poor. As of the end of this weekend, the China Plastics warehouse receipt index closed at 1333.84 points, down 1.38 points from the end of last week

on Monday, affected by the sharp drop in crude oil over the weekend, the warehouse receipts jumped short and opened low, and the decline slowly expanded. The whole line was green, with double volume and obvious contraction; On Tuesday, the crude oil recovered slightly, the decline of warehouse receipts eased slightly, the short jump opened low, the late trading recovered slightly, some main warehouse receipts rose, and the transaction was poor; On Wednesday, the warehouse receipt callback rose, the short jump opened higher, the intraday index soared, and the end of the session closed higher, but the double volume was still poor; On Thursday, the market continued to warm up and opened higher. After the index fell, it immediately rebounded. At the end of the day, the three trading varieties all showed an upward trend, with average trading volume, slightly higher than that on Wednesday; At the weekend, the downward correction was made again, the short jump opened low, and the direct straight-line decline was made. At the end of the session, the market closed down, while the double volume increased slightly

in terms of data, as of Friday's close, the PVC warehouse receipt index closed at 1231.67 points, down 10.4 points compared with last Friday's close. The settlement price of main warehouse receipts fell by about 47.3 yuan/ton compared with the same period last week. The total turnover in a week was 280 tons, the average daily turnover was 308 tons lower than last week, and the order volume on Friday was 225 tons, down 55 tons compared with last Friday

next, StarTech will briefly introduce the common faults and inspection methods of 1 lower seal ring spring durability tester: the specific data of the week are as follows:

warehouse receipt variety

settlement price (yuan/ton)

pvc warehouse receipt daily average trading volume (ton)

pvc warehouse receipt total order quantity (batch)

this weekend

last weekend

increase and decrease

this week

last week

increase and decrease

this Friday

last weekend

pv0712

7150

7210

↓ 60

53

361

↓ 308

45

56

↓ 11

pv0801

7170

7153

↑ 17

pv0803

7241

7340

↓ 99

II. Comprehensive analysis:

on the weekly K-line chart of the index, the PVC warehouse receipt received a small negative line this week, the entity's center of gravity moved down significantly, and the 5-day average inertia rose, which was below the entity. On the daily K-line chart, it closed out two Yang and three yin, the 5-day moving average slowly declined, the opening of the brin line slightly narrowed, the KDJ index fell at the beginning of the week, rose in the middle of the week, fell again at the weekend, and the red column of the MACD index gradually narrowed

this week, the crude oil market as a whole was in a downward trend. At the beginning of the week, due to the lack of direction in trading, the market was speculating about the possibility of OPEC increasing oil supply, and the crude oil futures closed up moderately. However, according to the technical roadmap for energy saving and new energy vehicles previously released by the Chinese society of automotive engineering, the refusal of the organization of foreign countries to increase production and the sharp decline in U.S. crude oil inventories did not boost the oil price, Instead, it fell to a one month low on Wednesday, and the dollar weakened again on Thursday, which led to the rebound of crude oil futures, breaking the $90 mark again. As of Friday's closing, WTI crude oil was at $88.28/barrel, down $0.43 from last week; Brent crude oil was at $88.64/barrel, up $0.38 from last week. In terms of spot goods, the transportation was still blocked this week. The local markets were still relatively calm, and there was no significant change in prices. The inland markets such as Hebei and Henan were not affected by the transportation. The market supply was sufficient, and the sales pressure was greater than that of the two major mainstream markets in East China and South China. However, the arrival of goods in the two major mainstream markets in East China and South China has not significantly improved. Some manufacturers have no goods to operate. They wait and see the market. There are signs of a slight improvement in East China this week. However, this sign flashed by. Traders and downstream operations are still cautious, and the receiving of goods is not active. The South China market has been relatively flat, the market is calm, the arrival of goods in the market has increased slowly, and the bearish mentality of market participants has intensified

in a comprehensive view: Although the high volatility of crude oil has a good support for the market, December is the off-season for PVC sales. In addition, the negative factors such as weak downstream demand in the spot market and slow relief of transportation may make it difficult to break the deadlock in the short term. It is expected that PVC warehouse receipts will still decline next week

(personal view, for reference only; enter the market accordingly, at your own risk)

source of information: China plastics trading

note: the source of this reprint is indicated. The reprint is for the purpose of transmitting more information, and does not mean that you agree with their views or confirm the authenticity of their contents

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